Unit 7: Business Decision Making LA:A key terms

Unit 7: Business Decision Making LA:A key terms

12th Grade

13 Qs

quiz-placeholder

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Unit 7: Business Decision Making LA:A key terms

Unit 7: Business Decision Making LA:A key terms

Assessment

Quiz

Business

12th Grade

Hard

Created by

Ann-Marie Skill

Used 47+ times

FREE Resource

13 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What's the definition of a business plan?

acquiring and processing information which is undertaken mentally.

to combine two or more components, such as information.

an iterative process is one where you come to the desired result by means of a repeated cycle of operations.

a written document that comprises all areas of a business proposal

2.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Click on the option that best describes an entrepreneur.

a person who sets up a business, taking a financial risk in the hope of making a profit.

a business employing up to nine members of staff.

an authorised business arranged to operate as an agent for another company's products or services

3.

FILL IN THE BLANK QUESTION

1 min • 1 pt

A small group of customers for a specialised item is called a ? market (fill in the blank ?)

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

'an authorised business arranged to operate as an agent for another company's products or services' is a definition of what?

a niche market

a macro business

a merger

a franchise

diversification

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

alternative products or services which differ from the traditional or routine operations, products and services is known as ?

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

A micro business employs up to how many staff members?

9

10

15

7

7.

FILL IN THE BLANK QUESTION

1 min • 1 pt

A large employer, possibly employing over 250 members of staff is defined as a ? business

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